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8000 Fins Up Circle, Kissim...

Starwood Property Trust Provides $98.4M Loan For Resort In Kissimmee, Orlando
FINANCEDDevelopment Site

Starwood Property Trust Provides $98.4M Loan For Resort In Kissimmee, Orlando

8000 Fins Up Circle, Kissimmee, FL, USA

$98,390,000

Building Size

Asset Type

Development Site

Closing

Aug 31, 2021

AI

An $98,390,000 loan has been secured for a resort located at 8000 Fins Up Cir in Kissimmee, Orlando. The property, which is owned by Encore Capital Management, is a notable asset in the market.

Summary of transation details

  • Property Type: Resort
  • Transaction Amount: $98,390,000
  • Address: 8000 Fins Up Cir, Kissimmee, Orlando
  • Lender: Starwood Property Trust - Barry S. Sternlicht
  • Landlord: Encore Capital Management
  • Broker: Concord Summit Capital
  • Keys: 187

Barry S. Sternlicht, representing Starwood Property Trust, facilitated the loan for this transaction. Furthermore, Concord Summit Capital served as the broker involved in the deal.

Players

Kevin O’Grady

Concord Summit Capital

Broker

$501.8M

vol

9 deals

Broker
Pacific Western Bank
Pacific Western BankLender

Kissimmee Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93